Biden Scores Bipartisan Infrastructure Win; Democrats to Pass Bigger Bill Alone
Published Date: 6/25/2021
Source: Bloomberg Quicktake: Now
President Joe Biden scored a political win by sealing a $579 billion infrastructure deal with a group of Democratic and Republican senators, yet the bipartisan plan faces hurdles in Congress that reflect challenges to his broader economic agenda. With the agreement, announced outside the White House on Thursday with grinning Republican senators at his side, Biden can claim he’s meeting a promise to govern for all Americans and seek compromise with his opponents. However, he made clear that partisan divides remain. As the Republican senators looked on, he told reporters that he expects Democrats to ram through an even larger bill with more spending alongside the bipartisan legislation. “I have a little different view on that one,” quipped Senator Rob Portman, an Ohio Republican. The infrastructure plan faces further obstacles in Congress. Many conservative Republicans plan to fight all of it -- both the bipartisan agreement and the Democratic-written legislation. Liberals, perturbed by the lengths to which Biden went to secure Republican support for the bipartisan piece, say they won’t support it unless they’re assured the accompanying Democratic legislation will pass, too. Biden later made clear that he wouldn’t sign either bill without the other. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake